Nadi: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Nadi
Largest movements
- Current investments +€225,000
new in 2025: €225,000
- Cash -€201,700
down €201,700 (-66.5%), from €303,409 to €101,709
mainly Current investments (-€225,000) and Contributions, distributions and other (-€31,428)
- Receivables within one year -€14,283
down €14,283 (-61.7%), from €23,158 to €8,875
of which Other amounts receivable: -€18,573
- Deferred charges and accrued income +€6,498
up €6,498 (+295.4%), from €2,199 to €8,697
- Reserves +€10,028
up €10,028 (+2.6%), from €387,096 to €397,124
of which Distributable reserves: +€10,028
- Trade debts +€6,317
up €6,317 (+314.7%), from €2,008 to €8,325
- Gross operating margin -€7,304
down €7,304 (-6.1%), from €120,400 to €113,096
- Financial income +€4,191
up €4,191 (+293.9%), from €1,426 to €5,617
- Depreciation +€3,038
up €3,038 (+20.4%), from €14,890 to €17,928
- Taxes +€1,790
up €1,790 (+11.2%), from €15,950 to €17,741
- Staff costs +€1,551
up €1,551 (+4.1%), from €37,740 to €39,290
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,627 | €439,426 | +€17,799 | +4.2% |
| Fixed assets | 21/28 | €79,722 | €81,351 | +€1,628 | +2.0% |
| Tangible fixed assets | 22/27 | €79,722 | €81,351 | +€1,628 | +2.0% |
| Plant, machinery and equipment | 23 | €17,905 | €31,598 | +€13,693 | +76.5% |
| Furniture and vehicles | 24 | €59,466 | €47,401 | -€12,064 | -20.3% |
| Other tangible fixed assets | 26 | €2,352 | €2,352 | = | 0.0% |
| Current assets | 29/58 | €341,904 | €358,075 | +€16,171 | +4.7% |
| Stocks and contracts in progress | 3 | €13,138 | €13,794 | +€657 | +5.0% |
| Stocks | 30/36 | €13,138 | €13,794 | +€657 | +5.0% |
| Amounts receivable within one year | 40/41 | €23,158 | €8,875 | -€14,283 | -61.7% |
| Trade receivables | 40 | €605 | €4,894 | +€4,289 | +709.0% |
| Other amounts receivable | 41 | €22,553 | €3,981 | -€18,573 | -82.4% |
| Current investments | 50/53 | - | €225,000 | +€225,000 | |
| Cash at bank and in hand | 54/58 | €303,409 | €101,709 | -€201,700 | -66.5% |
| Deferred charges and accrued income | 490/1 | €2,199 | €8,697 | +€6,498 | +295.4% |
| Total equity and liabilities | 10/49 | €421,627 | €439,426 | +€17,799 | +4.2% |
| Equity | 10/15 | €405,688 | €415,716 | +€10,028 | +2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €387,096 | €397,124 | +€10,028 | +2.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €385,237 | €395,265 | +€10,028 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,939 | €23,709 | +€7,771 | +48.8% |
| Amounts payable within one year | 42/48 | €15,939 | €22,187 | +€6,249 | +39.2% |
| Trade debts | 44 | €2,008 | €8,325 | +€6,317 | +314.7% |
| Suppliers | 440/4 | €2,008 | €8,325 | +€6,317 | +314.7% |
| Taxes, remuneration and social security | 45 | €13,931 | €12,429 | -€1,502 | -10.8% |
| Taxes | 450/3 | €11,426 | €8,496 | -€2,931 | -25.6% |
| Remuneration and social security | 454/9 | €2,505 | €3,933 | +€1,428 | +57.0% |
| Other amounts payable | 47/48 | - | €1,434 | +€1,434 | |
| Accrued charges and deferred income | 492/3 | - | €1,522 | +€1,522 | |
| Non-recurring operating income | 76A | €1,600 | €0 | -€1,600 | -100.0% |
| Remuneration, social security and pensions | 62 | €37,740 | €39,290 | +€1,551 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,890 | €17,928 | +€3,038 | +20.4% |
| Other operating charges | 640/8 | €1,543 | €1,810 | +€267 | +17.3% |
| Non-recurring operating charges | 66A | €12,163 | €0 | -€12,163 | -100.0% |
| Gross operating margin | 9900 | €120,400 | €113,096 | -€7,304 | -6.1% |
| Operating profit (loss) | 9901 | €54,064 | €54,067 | +€3 | 0.0% |
| Financial income | 75/76B | €1,426 | €5,617 | +€4,191 | +293.9% |
| Recurring financial income | 75 | €1,426 | €5,617 | +€4,191 | +293.9% |
| Financial charges | 65/66B | €955 | €487 | -€468 | -49.0% |
| Recurring financial charges | 65 | €955 | €487 | -€468 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €54,536 | €59,197 | +€4,662 | +8.5% |
| Income taxes | 67/77 | €15,950 | €17,741 | +€1,790 | +11.2% |
| Profit (loss) for the period | 9904 | €38,586 | €41,457 | +€2,871 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,586 | €41,457 | +€2,871 | +7.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.